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How businesses can safeguard against rogue AI - Raconteur

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Three decades after a US university student called Robert Tappan Morris was convicted of launching the first widely known malware attack on the internet, cybercrime has become big business, costing the global economy an estimated £2.1m a minute. Internet service provider Beaming reports that cybercriminals are launching increasingly sophisticated attacks on an "unprecedented scale". The pandemic has exacerbated the situation because it has prompted a sharp rise in remote working, which has enabled them to target vulnerabilities in domestic internet connections to attack corporate systems. In 2020, the average UK business faced 686,961 attempts to breach its systems – 20% up on the previous year's figure – according to Beaming. That equates to an attack every 46 seconds.


How Will Artificial Intelligence and Cybersecurity Be Seen Moving Forward? - Security Boulevard

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Artificial intelligence (AI) in cybersecurity can be a double-edged sword. While AI can effectively mitigate threats and prevent potential cyberattacks, criminals can also exploit the technology to their advantage – putting businesses and customers at significant risk. We're still dealing with the side effects of COVID-19, not only the pandemic itself but also the increased cases of cybercrimes happening worldwide. Cyberattacks are on the rise, with the recent Colonial Pipeline and Pulse Secure VPN attacks being added to SolarWinds and Microsoft Exchange Server as notable attacks with far reaching consequences. In 2020, the United States experienced 1001 data breach cases, and 155.8 million individuals faced data exposure (accidentally revealing sensitive information).


Robots may take over cybercrime by 2030, researchers say

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Cybercrime in the year 2030 will be run by computer programs that are intelligent, self-learning and difficult to defend against, two researchers predicted at the RSA Conference Monday (May 17). Dr. Victoria Baines of Oxford University and Rik Ferguson of information-security firm Trend Micro used existing trends to forecast that society and everyday life will be likely even more wired -- and wireless -- than today, and that criminals would quickly adapt. Their white paper, "Project 2030," can be downloaded from the Trend Micro website. For ordinary people in rich countries, Baines and Ferguson predict, wearable devices will monitor health and plan diets. Smart-home devices will talk to each other and coordinate their users' schedules.


Pinaki Laskar on LinkedIn: #deepfake #neuralnetworks #AI

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AI Researcher, Cognitive Technologist Inventor - AI Thinking, Think Chain Innovator - AIOT, XAI, Autonomous Cars, IIOT Founder Fisheyebox Spatial Computing Savant, Transformative Leader, Industry X.0 Practitioner Deepfakes is an applied form of artificial imagination, synthetic imagination, the artificial simulation of human imagination by special purpose ML/DL or artificial #neuralnetworks. Is Deepfake the future of content creation, A work by Kris McGuffie and Alex Newhouse - Examples of lies and conspiracy theory parotted by GPT-3, shows OpenAI's GPT-3 LM is a deepfake #AI/ML leader in stochastic parroting the text data. Primed with data about QAnon, it produces deepfake news, as lies and conspiracy theories, in mass scale. Will advanced deepfake #technology create a whole new kind of cybercrime, Cybercriminals & fraudsters will weaponise the deepfake technology to commit all sorts of cybercrimes. Such synthetic media are after fake news, the spread of misinformation, the proliferation of fake political news today on socialmedia sites, distrust of reality, mass automation of creative and journalistic jobs, and a complete retreat into machine-generated fantasy world.


Role of Artificial Intelligence in Financial Fraud Detection

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Until a few years ago Artificial Intelligence seemed like a thing from sci-fi movies. The whole concept seemed like fiction or a far fetched dream fed by wishful thinking. Then came personal assistants like Siri, Google Assistant, Bixby, Alexa and Cortana, which made the people realise that they could have something like a Jarvis in their homes as well. However, these are just known as weak AIs. Strong AIs are theoretically able to work with human cognitive abilities.


AI could be the next big defence against cybercrime

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The future of corporate cybersecurity seems to lie in artificial intelligence (AI) and machine learning (ML) solutions, a new report from global IT company Wipro suggests. According to Wipro's annual State of Cybersecurity Report (SOCR), almost half (49 percent) of all cybersecurity-related patents filed in the last four years have centered on AI and ML application. Almost half of the 200 organizations that participated in the report also said they are expanding cognitive detection capabilities to tackle unknown attacks in their Security Operations Centers (SOC). From a global perspective, one of the main threats for organizations in the private sector seems to be potential espionage attacks from nation-states. Almost all (86 percent) cyberattacks that came from state-sponsored actors fall under the espionage category and almost half (46 percent) of those attacks targeted the private sector.


New report finds that criminals leverage AI for malicious use – and it's not just deep fakes

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A jointly developed new report by Europol, the United Nations Interregional Crime and Justice Research Institute (UNICRI) and Trend Micro looking into current and predicted criminal uses of artificial intelligence (AI) was released today. The report provides law enforcers, policymakers and other organisations with information on existing and potential attacks leveraging AI and recommendations on how to mitigate these risks. "AI promises the world greater efficiency, automation and autonomy. At a time where the public is getting increasingly concerned about the possible misuse of AI, we have to be transparent about the threats, but also look into the potential benefits from AI technology." said Edvardas Šileris, Head of Europol's European Cybercrime Centre. "This report will help us not only to anticipate possible malicious uses and abuses of AI, but also to prevent and mitigate those threats proactively. This is how we can unlock the potential AI holds and benefit from the positive use of AI systems."


Are we Entering into the Fourth Generation of Artificial Intelligence?

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Artificial intelligence is an innovation that is changing all social statuses. It is a wide-ranging tool that empowers individuals to reevaluate how we incorporate data, analyze information, and utilize the subsequent insights to improve decision making. AI is getting into the realms of policymakers, opinion leaders, and interested observers, and exhibits how AI as of now is modifying the world and bringing up significant issues for society, the economy, and governance. Artificial intelligence algorithms are intended to make decisions, frequently utilizing real-time information. They are different from passive machines that are competent just for mechanical or predetermined reactions.


The Fintech Future: Accelerating the AI & ML Journey

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Artificial intelligence (AI) has assumed a growing influence within financial services in recent years, affecting areas such as credit decisions, risk management, fraud detection, and stress testing. And for many fintechs, it has been baked into the process from the outset, to the extent that usage of AI in the fintech market registered $6 billion in 2019 and is expected to reach $22 billion by 2025. Economic fallout from the pandemic, however, has accelerated the timetable for financial services firms to become mass adopters of AI and harness its predictive powers sooner rather than later. For digitally native fintechs, many of which have already embraced AI and its capabilities, this offers the opportunity to invest further in the technology and capitalise on the tools available to accelerate their journeys. Fintechs across the world are dealing with the effects of Covid-19 and face an uphill challenge in containing the impact of it on the financial system and broader economy. With rising unemployment and stagnated economies, individuals and companies are struggling with debt, while the world in general is awash in credit risk.


Cybersecurity Stocks: Hackers Use Artificial Intelligence for a New Type of Security Breach

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October is quite the busy month. Not only is it the start of the fourth quarter and the third-quarter earnings season, but October is also Cybersecurity Awareness Month. So, today I'd like to raise some awareness on a new type of cybersecurity breach. During the coronavirus pandemic, cybercrime has risen by over 600%, and now the malicious hackers are becoming more creative by using artificial intelligence (AI) and machine learning (ML) to evade detection. For example, with AI, hackers are now using data poisoning to target data used to train the machine learning systems.